<h1>Former corporate chairperson denied bail in alleged Rs 2,700 crore bank fraud under PMLA; custody to protect probe</h1> The Delhi High Court denied bail to a former corporate chairperson accused in a Rs 2,700 crore bank fraud, holding that advances in technology and AI make money-laundering and related economic offences complex and pose serious threats to the financial system, warranting meticulous investigation and continued custody to protect the trial and public confidence. The court emphasized the multiplicity of transactions, layered corporate structures and large-scale diversion of public funds, while noting medical care can be provided in custody. The PMLA probe (on Supreme Court directions) led to arrest, chargesheeting, and provisional attachment of assets worth hundreds to thousands of crores alleged to be proceeds of crime.